Action-Oriented Activities Squishy Sponges Give your grandchild some soaking wet sponges to play with outside. Let him wash his trike, the mailbox, or even stamp wet sponge-shapes onto the sidewalk. Show him how he can squeeze the sponge to make the water come out—this builds physical skills in his hands and fingers. As with all water activities, it is critical to supervise children carefully as they play.
Markets Economists study trade, production and consumption decisions, such as those that occur in a traditional marketplace. Electronic trading brings together buyers and sellers through an electronic trading platform and network to create virtual market places.
Microeconomics examines how entities, forming a market structureinteract within a market to create a market system. These entities include private and public players with various classifications, typically operating under scarcity of tradable units and light government regulation.
In theory, in a free market the aggregates sum of of quantity demanded by buyers and quantity supplied by sellers may reach economic equilibrium over time in reaction to price changes; in practice, various issues may prevent equilibrium, and any equilibrium reached may not necessarily be morally equitable.
For example, if the supply of healthcare services is limited by external factorsthe equilibrium price may be unaffordable for many who desire it but cannot pay for it.
Various market structures exist. In perfectly competitive marketsno participants are large enough to have the market power to set the price of a homogeneous product.
In other words, every participant is a "price taker" as no participant influences the price of a product. In the real world, markets often experience imperfect competition. Forms include monopoly in which there is only one seller of a goodduopoly in which there are only two sellers of a goodoligopoly in which there are few sellers of a goodmonopolistic competition in which there are many sellers producing highly differentiated goodsmonopsony in which there is only one buyer of a goodand oligopsony in which there are few buyers of a good.
Unlike perfect competition, imperfect competition invariably means market power is unequally distributed. Firms under imperfect competition have the potential to be "price makers", which means that, by holding a disproportionately high share of market power, they can influence the prices of their products.
Microeconomics studies individual markets by simplifying the economic system by assuming that activity in the market being analysed does not affect other markets.
This method of analysis is known as partial-equilibrium analysis supply and demand. This method aggregates the sum of all activity in only one market. General-equilibrium theory studies various markets and their behaviour.
It aggregates the sum of all activity across all markets. This method studies both changes in markets and their interactions leading towards equilibrium. Production theory basicsOpportunity costEconomic efficiencyand Production—possibility frontier In microeconomics, production is the conversion of inputs into outputs.
It is an economic process that uses inputs to create a commodity or a service for exchange or direct use. Production is a flow and thus a rate of output per period of time.
Distinctions include such production alternatives as for consumption food, haircuts, etc. Opportunity cost is the economic cost of production:An ability and capacity acquired through deliberate, systematic, and sustained effort to smoothly and adaptively carryout complex activities or job functions involving ideas (cognitive skills), things (technical skills), and/or people (interpersonal skills).
See also competence. Educational technology is "the study and ethical practice of facilitating learning and improving performance by creating, using, and managing appropriate technological processes and resources".. Educational technology is the use of both physical hardware and educational theoretic.
It encompasses several domains including learning theory, computer-based training, online learning, and where. Business Training Games, Activities and Business Simulations.
22 Training Events for Developing Team Leaders - 3 Ring Binder.
For many team leaders, leadership can seem like an intangible, unattainable skill - one that's best left to those at the top of the organization.
STL1 Provide support for learning activities Training and Development Agency for Schools final version June P4 make sure you are adequately prepared for your contribution to the learning activity Support the delivery of learning activities Performance criteria STL1 Provide support for learning activities.
Delivering Learning and Development Activities Purpose and aim of unit 3 Know how to review learning and development activities. Summarise and conclude learning and development activity. Assist learners to reflect on their learning and identifying.
Introduction. The Project Manager Competency Development (PMCD) Framework – Second Edition provides a framework for the definition, assessment and development of project manager competence based on the premise that competencies have a direct effect on performance.
It defines the key dimensions of competence and identifies the competencies that are most likely to impact project .